Mortgage fraud trends in 2008 reflected the overall downturn in the US economy initiated by the sub-prime mortgage crisis of 2007. The US stock markets suffered their deepest losses since the 1930s; unemployment increased dramatically; the mortgage loan industry reported a spike in foreclosures.
If you have a mortgage on your home and you are behind in your payments, pay close attention to any letters you receive. Your rights may depend on the type of mortgage you If you believe you have been the victim of consumer fraud, you may contact the Florida Attorney General at (866) 966-7226.
Reverse mortgages can be foreclosed on for a variety of reasons. Learn what tools are available to help you so that you can avoid a reverse mortgage foreclosure. New rules on the Home equity conversion mortgage (hecm), loans insured by the Federal Housing Administration and the most.
Florida Appeals Court Nixes Use Of "John Doe" Defendants In LawsuitOtherwise; More Hot Water For Foreclosure Mills? A Florida appeals court recently affirmed a lower court ruling disallowing the practice of filing "John Doe" complaints by a plaintiff when the names of.
House Votes to Rescind $1B in Neighborhood Stabilization Grants The House passed a bill (HR 861) on Wednesday that would rescind $1 billion of funding under HUD’s Neighborhood Stabilization Program (NSP). NSP grantees can create "land banks" to assemble, temporarily manage, and dispose of vacant land for the purpose of stabilizing neighborhoods and encouraging re-use or redevelopment of urban property.Save the Mortgage Interest Deduction By law, taxpayers can deduct interest paid on their mortgage, but many middle-class taxpayers save little or nothing at all from the mortgage interest tax deduction. In fact, while the average savings.
The Home Equity Theft Reporter: South Florida Feds Nail Two Area Title Agents For Roles In Mortgage Fraud Schemes PSL #5 of the Top 10 Cities to be a Real Estate Agent in 2016 Mortgage Masters Group The Five Best Margaritas in San Antonio If we’ve learned anything from viral internet lists, it’s that every city has its foodie stereotypes.
.forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft But after the modification, Cenlar inexplicably continued to report to creditors that Lucero’s home was in foreclosure. Her repeated requests to.
Loan Officer Gets Five Months In Sale Leaseback, foreclosure rescue scam; equity stripping victim Hopes To Recover Title To Home. Mortgage companies promising to save a family from foreclosure actually fooled them into signing title over to a straw buyer and then sucked out the.
A rescuer finds homeowners through public-foreclosure notices in newspapers or government offices. It’s easy because lists are computerized and There’s not much equity left because of the consultant’s high fees. Homeowners who have been turned into renters can be evicted from the homes they once.